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$ 1,750,000
Est. payment | /mo
3,761 SqFt
$ 1,750,000
Est. payment | /mo
3,761 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,761 sqft
Price per Sqft $465
MLS Listing ID ML82049083
HOA Y/N No
Year Built 1957
Lot Size 5,625 Sqft
Property Sub-Type Other
Property Description
Offering Memorandum available upon request - The Zurich Group of Marcus & Millichap is pleased to present 50 Cleveland Avenue, an eight-unit multifamily investment opportunity located in the desirable Burbank neighborhood of unincorporated Santa Clara County, just moments from Downtown San Jose. Importantly, the property is not subject to the City of San Jose Apartment Rent Ordinance, providing investors with greater operational flexibility than many competing multifamily assets located within San Jose city limits. The property consists entirely of one-bedroom, one-bathroom units, offering a highly efficient and desirable unit mix with strong demand from Silicon Valley renters. Ideally positioned near Santana Row, Valley Fair, and major transportation corridors, the property provides convenient access to the region's leading employment, shopping, dining, and entertainment destinations. With its central Silicon Valley location, favorable rent control positioning, and attractive all one-bedroom configuration, 50 Cleveland Avenue represents a compelling long-term investment opportunity. Buyer shall independently verify all information, including rent control status, unit count, square footage, lot size, zoning, permits, financial information, and all other property details.
Location
State CA
County Santa Clara
Zoning R1-N
Interior
Heating Other
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 27417083
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Listed by Mitchell Zurich • Marcus & Millichap
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